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There are indications that the price of petrol may hit ₦900 per litre this week if the price of crude oil continues to hover around $70...
The Organisation of the Petroleum Exporting Countries (OPEC) has highlighted how the Dangote Petroleum Refinery’s efforts to boost Premium Motor Spirit (PMS) production are reshaping the...
Nigeria’s oil production, including condensates, surged to 1.69 million barrels per day (mbpd) in November 2024, marking a 9.9% increase from October’s output of 1.538mbpd. This...
Nigeria’s crude oil fell to $72 per barrel yesterday, down from $75 per barrel, representing an 8.2 percent decline compared to the $77.96 per barrel benchmark...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has stated that under the incumbent government, Nigeria remains committed to adhering to the production quota established...
The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has said that oil producers are not responsible for the hike in...
Nigeria’s crude oil output hit a new low in the month of May, dropping to 1.25 million barrels per day, as reported by the Organization of...
According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production declined for the second consecutive month in March. The country’s daily output dropped...
The Federal Government and the Organisation of Petroleum Exporting Countries (OPEC) disagree over Nigeria’s average daily crude oil production. Speaking during a podcast in Abuja earlier,...
A latest report from the Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production experienced a decline of 7.94% month-on-month, reaching 1.322...
Data obtained from the Organization of the Petroleum Exporting Countries (OPEC) has shown that Nigeria’s oil production for August rose to 1.1 million barrels per day...
The Nigerian National Petroleum Company Limited (NNPCL) is faced with a series of challenges in its effort to return the country to one of the top...
A chieftain of the Labour Party (LP), Doyin Okupe has advised President Bola Tinubu to quit Nigeria’s membership of the Organization of the Petroleum Exporting Countries (OPEC)....
Members and non-members of the Organisation of Petroleum Exporting Countries, referred to as OPEC+, have globally slashed crude production. Naija News learnt that this was made...
The incoming administration must implement policies that will drive Nigeria’s economy back on a growth trajectory, says the Director-General of the Nigeria Employers’ Consultative Association (NECA),...
President Muhammadu Buhari-led government has expressed its commitment to meet up with the Organisation of Petroleum Exporting Countries (OPEC) crude oil production quota. Naija News gathered...
Members of the Organisation of Petroleum Exporting Countries and their Russia-led allies on Wednesday agreed on a major cut in oil production. The decision was reached...
As part of the celebration of Nigeria’s 62nd independence, some security experts gathered on Saturday to chat path to how the issue of crude oil theft...
Despite efforts made by the Organisation of Petroleum Exporting Countries (OPEC) to stabilise the cost of the commodity, the global benchmark for crude dropped in price...
The Nigeria Government has suffered a setback in its target to meet the ₦9.37tn oil and gas revenue target by the end of the year. Naija...
